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Bruce Norris – Should We Be In or Out of Real Estate and Notes?

Wow… I expected this interview to be good, but not that good.  It’s really amazing when you get not only the mind, but the heart and soul of the interviewer.  There were more than the usual and customary golden nuggets in this recording, and, I’m very anxious to see what Bruce will come up with [...]

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Seller Financing Update TILA 129c and Dodd Frank

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Comment by July 22nd to Protect Owner Financing from Dodd Frank

There’s a call tonight at 6pm Pacific, 9pm Eastern, designed to create conversation around the restrictions being considered on private financing, that would include owner financing if we are not successful at getting it excluded from the strangling grip of Frank Dodd et al. To join the call: (605)477-2100 Access Code: 857097# The Fed and [...]

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“A” Paper Can Still Sell for .80 – .85 Cents on the Dollar

Just a heads up to let you know that “A” paper is being purchased by hedge funds that can usually pay .80 – .85 cents on the dollar.  Most paper sells at approximately 65% of the UPB (unpaid balance) of the note.  I couldn’t buy at these incredibly low yields, but these hedge funds are [...]

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